Crypto Trades Mildly Up Amidst Global Market Recovery

Cryptocurrencies are experiencing a mild upward trend as global markets work to rebound from a tech downturn. This downturn was largely triggered by concerns over potential interest rate hikes by the Federal Reserve and corporate investments in Artificial Intelligence. The U.S. Dollar's continued strength is also impacting market sentiment negatively. The Dollar Index, measuring its strength against six major currencies, has climbed to a 52-week high of 101.64.

Overall crypto market capitalization has seen a modest increase of 0.40 percent over the past 24 hours, reaching $2.15 trillion. Bitcoin, the leading cryptocurrency, traded up 0.17 percent at $62,463.71, though it remains substantially below its all-time high of $126,198.07 recorded on October 7, 2025. Bitcoin Spot ETF products in the U.S. saw net outflows of $114 million on Tuesday, with the iShares Bitcoin Trust leading these outflows. Ethereum also experienced slight gains, trading at $1,664.36, despite its own Spot ETF products recording net outflows.